UK Overseas Trade in Goods, August 2020

by Politicker

HM Revenue & Customs (HMRC) collects the UK’s international trade in goods data for Non-EU and EU trade with the UK. These are published on a monthly basis and figures for August 2020 have recently been released. (09 October 2020).

UK overseas trade in goods statistics: August 2020

A summary document is available at:

UK Overseas Trade in Goods Statistics Commentary: August 2020

Summary

Total exports of goods for August 2020 were £23.1 billion.

Total imports of goods for August 2020 were £40.8 billion.

The UK was a net importer this month, with imports exceeding exports by £17.7 billion.

For EU trade the UK was a net importer this month, with imports exceeding exports by £6.2 billion.

For Non-EU trade the UK was a net importer this month, with imports exceeding exports by £11.4 billion.


Imports to the UK

EU Imports for August 2020 were £17.0 billion.

Non-EU Imports for August 2020 were £23.8 billion.

China accounted for 10.9% (£4.4bn) of the total value of imports to the UK. Germany had the second largest proportion of the total value of trade, accounting for 10.7% (£4.4bn) followed by the USA 7.7% (£3.2bn), the Netherlands 6.4% (£2.6bn) and Hong Kong 6.0% (£.5bn). The top five partner countries accounted for 42.8% of total UK import value this month.


Exports from the UK

EU Exports for August 2020 were £10.8 billion

Non-EU Exports for August 2020 were £12.4 billion.

The USA accounted for 14.5% (£3.4bn) per cent of the total value of goods exports from the UK. Germany had the second largest proportion accounting for 10.6% (£2.5bn) followed by the Irish Republic with 6.9% (£1.6bn), France with 6.0% (£1.4bn) and the Netherlands with 5.7% (£1.3bn). The top five export partners accounted for 43.7% of total exports in goods this month.


Spreadsheets are available which show the figures in more detail.

UK overseas trade in goods statistics August 2020: import and export data

The following tables contain EU and Non-EU import and export data for August 2020.

UK overseas trade in goods statistics July 2020: imports

UK overseas trade in goods statistics July 2020: exports